Upside Gap Two CrowsBack to Glossary
Like a chartist’s version of a haiku, the upside gap two crows is a simple and poetic way to remember an ominous formation. Like crows overhead, it signals that a top has been reached and that there are bad times to come. Used by technical analysts to signal bearish reversals in uptrending markets, upside gap two crows starts with a long upward candle, this is followed by a up-gap downward candle that still closes higher than the first candle. Finally, a large downside candle completely engulfs the second, opening above it and closing below it. It’s a signal of dying positive momentum and a harbinger of lean years ahead.
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